Expression of Interest (EOIs) have been submitted by 46 parties following the call by Ministry of Tourism, Arts and Culture for bids to invest in the tourism sector by incorporating a Joint Venture with the government.
The ministry called for EOIs on 24 February, as part of its efforts to fulfil President Yameen Abdul Gayoom’s election pledge of opening ten new resorts every year.
The ministry said that the parties that submitted EOIs were ‘experienced in the development and management of tourist resorts’.
The EOIs will be evaluated and shortlisted, and details will be revealed later, said the ministry.
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